As Valentine's Day approaches, I thought I'd give my readers' love lives a potential boost by talking about the best way to boost their credit scores. Because if there's one thing that can dampen the romance in a relationship, it's not being able to get that loan or that mortgage -- or even that perfect job -- due to lousy credit.
Consumers seeking relief from high-interest credit card debt sometimes turn to balance-transfer offers to capitalize on an introductory 0 percent deal. Refinancing can be a smart cost-saving move, but it probably won't go very far in helping your credit score.
No one wants to think about their credit score. It's boring at best, and for many people, the topic of credit scores can be confusing and even anxiety provoking. But being aware of your credit score -- and in particular, your FICO score -- is an important component to your long-term financial health.
It's the start of the year, and with the new year come New Year's resolutions. We often use New Year's Resolutions to help us focus on getting healt...
Stop worrying and check your score. Every American is entitled to one free score per year, so use Google and find the one for you.
Maybe you need to rent an office space to manage your new startup. Or, you need to open a line of credit in order to ensure you can always pay your employee when your income is slow to come in. Even with most of the cash on hand, it is impossible to do these things without credit.
Getting a brand new account lowers the average age of your credit card accounts. Since about 15% of your score is determined by the overall length of your credit history, this can reduce your score -- especially if you don't have very many long-term accounts.
So, how are you coming on your New Year's resolutions? Are you the kind that even makes them? Whether you are or not, most of us aspire to being more organized in the New Year.
If you have some rough spots in your credit file, you already know how costly it can be. But many people think that as long as their financial history and current situation is solid, they don't need to be concerned about their credit score.
Many people set goals for themselves throughout the year and they plan on working on those goals for the full 12 months of the year.
When you check your credit score, you might be used to seeing it described as fair, poor, good or excellent. Lenders see those categories, too. They just use different labels: subprime, non-prime, prime and super-prime.
If you need to borrow money to buy a house or a car, a FICO score of 500 probably spells bad news. But if you need a small-business loan, a suboptimal personal credit score isn't necessarily a deal-breaker.
With the New Year right around the corner, many have begun planning their New Year's resolutions. If you're like many Americans, one of those resolu...
Paying monthly bills is a necessary chore that has a definite effect on your credit score. According to the FICO scoring model, your payments account for as much as 35 percent of your total score. Create reminders for due dates or establish a calendar for yourself to ensure you get everything paid on time.
I have been turned down by 2 different lenders because my last years' tax return didn't show enough income from my business to qualify, despite a cred...
One area where we'd all do best to avoid making any mistakes is with our credit score. Doing so can mar your ability to get approved for loans or ...